英语词汇“corporate bankruptcy”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

单词	corporate bankruptcy
释义	Corporate Bankruptcy Corporate Bankruptcy The legal process by which a company or other business declares that it is unable to pay its debts and requires relief. In the United States, there are two kinds of corporate bankruptcy. Chapter 7 provides for liquidation of a business and the discharge of debts. Chapter 11 allows corporations to continue operations after reorganization and forgives debts that companies cannot repay.
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Corporate Bankruptcy